tagresults

FAO welcomed the decision by the Global Environment Facility Council to allocate a substantial $176 million to 24 of its projects that tackle the critical intersection between agriculture and environmental concerns.

IFC, a member of the World Bank Group, is launching its MENA Women Banking Champions program in Maghreb to help expand access to finance and boost financial inclusion for women entrepreneurs in Morocco, Tunisia, and Algeria.

The Arab Petroleum Investments Corporation has agreed to two loan facilities worth a combined USD 250 million with Sonatrach Petroleum Investment Corporation, the Algerian state-owned national oil company.

Assistant Secretary of State for Educational and Cultural Affairs Marie Royce and Algerian Minister of Culture Meriem Merdaci will sign a landmark bilateral Memorandum of Understanding on cultural property protection.

ADES International, a leading oil & gas drilling and production services provider in the MENA region has been awarded a new two-year contract in Egypt and has signed a one-year contract extension for its onshore rig RIG 828 in Algeria.

The 2019 African Space Industry Annual Report explains that the industry has already reached over USD 7 billion of annual revenues and is projected to grow at a 7.3% compound annual growth rate to exceed USD 10 billion by 2024.

Nokia is helping Ooredoo Algeria take the first step towards next generation networks and reinforce its technology leadership in the region with the successful deployment of North Africa's first virtualized Mobile Gateway

IFC and Tunisia’s Ministry of Communication Technologies and Digital Economy are launching a ground-breaking program designed to support high-potential startups and drive innovation across North Africa.

The Chairman and General Director of Algerian state company Sonatrach, Abdelmoumen Ould Kaddour, and the CEO of Eni, Claudio Descalzi, have inaugurated a 10 MW solar plant in Bir Rebaa North in Algeria.

UNIDO's Investment and Technology Promotion Office (ITPO) in Tokyo continues to foster international engagement towards TICAD7 as it hosted a very well attended multi-stakeholder dialogue on the "Africa and TICAD7" cooperation.

Philip Morris International Inc. has been recognized for the third consecutive year as a Top Employer in Africa, awarding the company’s commitment to creating an excellent work environment for its employees.

Distributed Power business has announced that U.K.-based Clarke Energy has been selected to supply four of GE’s J320 Jenbacher gas engines for a trigeneration plant that will provide the mosque with reliable, efficient and lower-carbon power, heating and cooling.

Chancellor Merkel is headed for Algeria to find ways to boost trade with the Mediterranean nation. But the complicated issue of migration will loom over her talks as Berlin looks for ways to stem irregular migration.

Sonatrach is in talks with oil majors and trading firms to start a trading joint venture after the Algerian state energy company reached a deal this year to buy its first overseas refinery, its chief executive said.

The Chairman and General Director of the Algerian state company SONATRACH, Abdelmoumem Ould Kaddour, and the Chief Executive Officer of Eni, Claudio Descalzi, signed an agreement that represents a further step towards the strengthening of their partnership in the Berkine basin.

The top ten economies by Gross Domestic Product in Africa all have active competition regulation, save for Angola and Nigeria but those countries are in the process of establishing completion law regimes, which are expected to be up and running soon.

The Chairman of the Algerian state company SONATRACH, Abdelmoumem Ould Kaddour, and the CEO of Eni, Claudio Descalzi, have signed a series of agreements aimed at strengthening the integration between the two companies.

Morocco is the most attractive economy for investments flowing into the African continent, according to the latest Africa Investment Index 2018 (AII) by Quantum Global’s independent research arm, Quantum Global Research Lab.

The Algerian Space Agency has launched a telecoms satellite into space in cooperation with China. This follows the successful launch of Alcomsat-1 by China Great Wall Industry Corporation aboard a Long March 3B rocket.

The Chairman and General Director of Sonatrach Abdelmoumen Ould Kaddour and the Chief Executive Officer of Eni Claudio Descalzi have signed in Aa Memorandum of Understanding for the development of a partnership in the renewables sector in Algiers.

Jean-Christophe Quémard, Executive Vice President, Africa-Middle East of Groupe PSA, has co-signed an agreement in Algiers with the Algerian project partners to create an Oran-based manufacturing company to build cars for the Algerian market.

Federal-Mogul Motorparts, a division of Federal-Mogul, has strengthened its strategic partnership with regional distributor Rolman World to advance its premium automotive parts in the Middle Eastern market.

Algeria National Office of Statistics said that the country’s industrial production increased by 0.8% in 2016 quarter four from 0.6% the same quarter a year ago. Statistics showed that the average rate of 1.3% for 2016 is slightly lower than the average 2015 rate of 1.8%.

The mobile payments company Fortumo has announced that it has expanded its carrier billing services to 3 new African markets. More than 79 million mobile phone owners in Algeria, Ghana and Tanzania can now make payments for digital services.

International oil and gas development and production company Petroceltic has confirmed its commitment to supporting the Algerian energy sector through the development of its world class Ain Tsila project.

NXP Semiconductors N.V has announced that its partner HB Technologies, the leader in Algeria for secure solutions based on smartcard designs, chose NXP’s SmartMX2 microcontroller for the country’s new secure electronic driver license and vehicle registration smartcards.

The national hydrocarbon company SONATRACH will invest more than $50 billion from 2017 to 2021 in exploration projects and production, the vice president of the oil group for exploration and production activity, Salah Meknouche. Has said.

At the high level EU-Algeria Association Council taking place in Brussels, the EU and Algeria signed a €40 million package to support Algeria diversify its economy and improve business climate through measures ranging from the development of renewable energy to modernisation of public finances.

The Housing Bank, one of the most respected banks in the Middle East, and Infosys Finacle, part of EdgeVerve Systems, a wholly-owned subsidiary of Infosys have announced the selection of the Finacle suite of solutions to power the bank's operations in Algeria.